Publisher Private Division has acquired the makers of the OlliOlli series, Roll7, in what will be a debut acquisition for the firm.
The BAFTA award-winning studio was founded in 2008, and is currently working on the upcoming OlliOlli World, set to release in December.
Roll7 also has several unannounced projects in the works, which Private Division will support.
While this is the first studio that the Take-Two subsidiary has acquired, Private Division has also acted as publisher for several other titles, including Obsidian's The Outer Worlds and Supergiant's Hades.
The terms of the deal were not disclosed.
"Private Division has been an incredible publishing partner for OlliOlli World, and we're elated to continue to grow as a studio as part of the label," said Roll7 co-CEO Simon Bennett.
"Private Division has empowered our amazing team to raise the bar on our creativity and scope for OlliOlli World. Joining the label puts us in a great position to continue to grow and to set our sights on achieving our ambition to become a pre-eminent global video games developer."
Private Division EVP Michael Worosz added: "We're thrilled to welcome Roll7 to the Private Division family. As a team passionate about action sports ourselves, seeing how Roll7 combines the thrill of competition with the zen of achieving flow-state in a video game is remarkable, and we can't wait to show the world this phenomenon with our release of OlliOlli World this winter."